Sweetgreen, Inc. (NYSE:SG - Free Report) - Stock analysts at KeyCorp issued their FY2024 earnings per share (EPS) estimates for shares of Sweetgreen in a research report issued to clients and investors on Tuesday, December 10th. KeyCorp analyst E. Gonzalez forecasts that the company will post earnings of ($0.79) per share for the year. KeyCorp has a "Sector Weight" rating on the stock. The consensus estimate for Sweetgreen's current full-year earnings is ($0.73) per share. KeyCorp also issued estimates for Sweetgreen's Q4 2024 earnings at ($0.25) EPS, Q1 2025 earnings at ($0.18) EPS, Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at ($0.13) EPS, Q4 2025 earnings at ($0.20) EPS, FY2025 earnings at ($0.59) EPS, Q1 2026 earnings at ($0.14) EPS, Q2 2026 earnings at $0.03 EPS, Q3 2026 earnings at ($0.07) EPS and FY2026 earnings at ($0.33) EPS.
A number of other research firms have also weighed in on SG. Piper Sandler reissued a "neutral" rating and set a $39.00 target price (up from $33.00) on shares of Sweetgreen in a report on Monday, August 19th. Oppenheimer boosted their price objective on shares of Sweetgreen from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Bank of America raised their target price on Sweetgreen from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Monday, August 19th. UBS Group increased their price target on Sweetgreen from $37.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, TD Cowen reaffirmed a "buy" rating and issued a $45.00 price objective on shares of Sweetgreen in a research note on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $39.80.
Check Out Our Latest Analysis on SG
Sweetgreen Trading Down 8.7 %
Sweetgreen stock traded down $3.27 during midday trading on Friday, reaching $34.47. The company's stock had a trading volume of 5,148,621 shares, compared to its average volume of 2,866,154. The stock has a market cap of $3.99 billion, a PE ratio of -44.19 and a beta of 2.32. Sweetgreen has a 52 week low of $9.66 and a 52 week high of $45.12. The business has a 50-day moving average price of $38.37 and a 200-day moving average price of $33.38.
Hedge Funds Weigh In On Sweetgreen
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its holdings in shares of Sweetgreen by 1,101.2% during the 2nd quarter. SG Americas Securities LLC now owns 69,176 shares of the company's stock valued at $2,085,000 after buying an additional 63,417 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Sweetgreen during the second quarter worth approximately $825,000. Legacy Capital Group California Inc. bought a new stake in shares of Sweetgreen in the 2nd quarter worth approximately $972,000. Baillie Gifford & Co. boosted its stake in shares of Sweetgreen by 6.2% in the 2nd quarter. Baillie Gifford & Co. now owns 12,326,336 shares of the company's stock valued at $371,516,000 after purchasing an additional 721,740 shares in the last quarter. Finally, Calamos Advisors LLC bought a new position in shares of Sweetgreen during the 2nd quarter valued at $289,000. Hedge funds and other institutional investors own 95.75% of the company's stock.
Insider Activity at Sweetgreen
In related news, insider Nathaniel Ru sold 1,263 shares of the company's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $40.01, for a total transaction of $50,532.63. Following the sale, the insider now owns 1,952,129 shares of the company's stock, valued at approximately $78,104,681.29. This represents a 0.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nicolas Jammet sold 16,751 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $40.04, for a total transaction of $670,710.04. Following the transaction, the insider now owns 1,930,233 shares of the company's stock, valued at $77,286,529.32. This trade represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 470,639 shares of company stock worth $18,379,124. Corporate insiders own 21.52% of the company's stock.
Sweetgreen Company Profile
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Sweetgreen, Inc, together with its subsidiaries, operates fast food restaurants serving healthy foods at scale in the United States. The company also accepts orders through its online and mobile ordering platforms, as well as sells gift cards that do not have an expiration date and can be redeemed. The company was founded in 2006 and is headquartered in Los Angeles, California.
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